$7,500 Tax Credit for First-Time Home Buyers in the new Housing Stimulus BillJuly 31, 2008
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Everyone knows that a $200,000 home costs more than a $180,000 home whether in Bryan or College Station – right? Yes and maybe…
The $200,000 home costs more in the beginning. But there are many things that determine the true long term cost of a house. Below are a few things to consider when trying to decide home the REAL cost of a home.
- Do trees need to be removed?
- How much yard maintenance is needed and who is going to do it?
- Is there a pool or hot tub and does it need maintenance?
- Is the home energy efficient? How much is your utility bill going to be?
- How is the roof? Does it need to be replaced soon?
- What is the paint like on the house? Does it need to be repainted?
- What is the electrical system like? Does it need upgrading to handle your load usage with your electronics and appliances?
- Is there aluminum wiring or lead-based paint or any other safety issue that needs to be addressed?
- Does it need new carpeting, tile repair, other flooring issues?
- What remodeling projects are on the horizon?
- Are the appliances still under warranty?
- What appliances need to be purchased?
- What are the property taxes?
- Are you in the city with city services and city taxes or in the country or in the ETJ?
- Have you had the property inspected? What else can you predict will be expenses over the next 5 years?
There are many things you must consider when purchasing a home in Bryan and College Station. Sales price does play a factor but it is not the ONLY factor. Be sure to work with a professional Realtor to help you asses your true costs in purchasing your next home.
Susan Hilton – Realtor & Sales Trainer for Century 21 Beal
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